Citigroup Maintains Neutral on Tesla, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Neutral rating on Tesla (TSLA) and lowers the price target from $196 to $180.

April 12, 2024 | 11:36 am
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Citigroup analyst Itay Michaeli maintains a Neutral rating on Tesla and lowers the price target from $196 to $180.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Tesla's stock price. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, but the lowering of the price target suggests a revision of the expected stock performance, which could influence investor perception and stock price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100